Corporate wealth tax, a disproportionate measure
By Rafael Pardo Rueda - [email protected].
TL;DR
- A new corporate wealth tax begins on April 1st, with the first 50% payment due.
- The government aims to collect 6.3 trillion pesos through this tax.
- Industry leaders and economic experts criticize the tax as double taxation and a threat to economic stability.
- The tax affects companies, foundations, and universities, including those with unproductive assets.
- Critics warn that the tax punishes larger companies, may force asset sales or debt, and creates legal uncertainty.
- The author believes the tax threatens the productive ecosystem and is unacceptable given the government's increasing spending.